MalikAbdulRehmanA

Ethereum Bears Still Pressuring: Why the Decline Hasn't Ended Yet
#Write2Earn #crypto
The price of #Ethereum is once again moving lower from the $2,325 resistance. #ETH could face a significant drop if it fails to stabilize above the $2,270 support zone.
Bearish Signals on the Horizon
The Ethereum price has started to decline once more and is currently trading below the $2,300 A crucial bearish trendline is forming with resistance near $2,300.
Ethereum Price Trading Below $2,325
The Ethereum price attempted a fresh increase above $2,300 but faced strong selling interest near the $2,325 zone. It reached a maximum of around $2,327 before the price started to decline again,
there was a break below the $2,300 support zone, and the price even dipped below $2,280. the 50% Fib retracement level of the upward from the $2,241 low to $2,327 high. Currently, Ethereum is trading below $2300
Bearish Trend and Hope for Upside
Bulls are currently defending support near $2,270 representing the 61.8% Fib retracement level of the upward move from the $2,241 swing low to $2,327 high The first significant resistance on the upside is near the $2,300 level. On the hourly chart of ETH/USD a crucial bearish trendline is also forming with resistance near $2,300
Source: ETHUSD on $2,325, above which the price could rise and test the $2,380 resistance.$2,380 resistance, they could target $2,440 $2,440 could send the price even higher towards the $2,500 level
More Losses in ETH?
If Ethereum fails to clear the resistance at $2,325, another decline may begin. The initial downside support is near the $2,270 level
If the price breaks below this level it could head towards $2,200.Further losses could potentially push the price towards $2,080
$ETH
Notice:
The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation.The content should not be regarded as financial investment or any other form of advice We caution that investing in cryptocurrencies can be risky and may lead to financial losses

Here’s Why RON Token is Up 33% in the Past Week
#Write2Earn
RON, the native cryptocurrency for the Ethereum layer-2 network Ronin, has soared by over 33% in the past seven days. The price surge is a result of several activities occurring within its ecosystem.
Ronin Network is a sidechain network designed to support the play-to-earn Axie Infinity game in early 2021.
Why is RON Increasing?
Last October, a blockchain farming and social game, Pixel, migrated from the Polygon network to the game-centric Ronin mainnet. Shortly after the deployment, Ronin began seeing massive increases in active addresses.
Earlier last month, Pixel concluded its play-to-airdrop campaign, an activity that qualifies gamers for its upcoming PIXEL airdrop. The game project commenced These activities attracted more users into the Pixel ecosystem, contributing to Ronin’s overall performance.
Another activity that likely contributed to the Ronin network’s activity surge is the introduction of its seventh in-game competition. Sky Mavis, the development team behind the Axie Infinity game, rolled out the Epic Era Season 7 to its community. While promising more intense gameplay, the team noted that rewards included 18,900 AXS tokens and over 13.7 million SLP tokens.
The increased activities within the Ronin network have rubbed off on its decentralized exchange (DEX), Katana. On-chain data shows that Katana has a liquidity of $177.17 million, a significant 22% increase over a year-to-date (YTD) timeframe. Trading volume has also soared to as high as $46.17 million.
RON Trades at $2.86
RON traded at $2.86 a 52% increase in the past month alone. For the first time in two years RON surged above the $3 price mark
Source:CoinStats
The latest increase comes two years after the Ronin network and its flagship game Axie Infinity was affected by a $625 million hack
the Ronin network leading cryptocurrency exchange Binance has announced that it will list the RON token on its platform However the exchange added that a seed tag, an assessment of investors understanding of highly volatile assets applied

ENS and GoDaddy Join Forces to Enhance Web3 Transition

Users gain control over their digital identities with the help of GoDaddy by connecting blockchain domains.
Users can now connect blockchain domains to conventional website addresses.
In order to facilitate the transition from conventional web domains to the decentralized Web3 domains, the Ethereum Name Service (ENS) has teamed up with GoDaddy, a domain registrar, to provide customers free usage of the .eth web domains with their URLs.

Web2 and Web3 infrastructures are becoming more interdependent, and this partnership reflects that. Anyone may register .eth domains on a blockchain using the ENS, which is a decentralized domain

Improved Domain Management
These domains simplify crypto transactions by rebranding the otherwise intimidating wallet addresses. Users may now improve accessibility and gain control over their digital identities with the help of GoDaddy by connecting blockchain domains to conventional website addresses.

Furthermore, this collaboration addresses the issue of high gas fees, which have prevented many from transferring their domains to the ENS architecture. Nevertheless, a new smart contract protocol has greatly improved domain resolution, allowing DNS domain owners to experience a greater degree of self-sovereignty at no extra cost.

There has been more development outside the ENS ecosystem update that includes the GoDaddy connection. Unstoppable Domains, an existing rival in the Web3 domain arena, and ENS saw a type of Ethers integration in an effort to expand their respective markets.

Because of which .eth names with improved domain management functionsand more payment choices were able to be purchased. To ensure functional consistency, the ENS smart contract validates all domains registered using this channel.

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Ripple’s XRP Ready for Takeoff: Analyst Makes Bold Prediction Despite Recent Struggles

XRP investors have endured a rocky road recently, with the token languishing around $0.50 and a hack of Ripple creator Chris Larsen making headlines. However, according to crypto analyst BarriC, brighter days may lie ahead.
In a X (Twitter) thread, BarriC laid out a bullish case for the beleaguered asset. “The most important $XRP post you’ll read today,” he began. “The new narrative is – $XRP is dead and what if it doesn’t go anywhere price wise in the next five years.
BarriC dismissed this line of thinking as misguided. “Every #Bitcoin halving we have had since 2016 has resulted in a massive full market bull run where 90% of all cryptocurrencies experience new ATHS and explosive price action,” he tweeted.
The next BTC halving is scheduled for early 2024. “This halving isn’t an optional thing, it’s written into Bitcoins code, and eventually there will be no more halving rewards, therefore we have a finite amount of Bitcoin,” BarriC explained.
He believes the launch of Bitcoin ETFs could accelerate this supply shock. “Now combine that with the #BitcoinETFs and we could see that $BTC supply become scarcer a lot faster,” the analyst noted.
So how does this connect to XRP’s prospects? According to BarriC, history shows crypto bull markets lift all boats. “After every halving we see new ATHs for crypto,” he reasoned, pointing to XRP’s meteoric rise from $0.01 to $3.80 in the 2017 frenzy.
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Even after the 2018 bear market, XRP managed to settle around $0.20, massively above its previous baseline. The same dynamic played out across cryptowith the likes of BTC, ETH and LINK posting huge rallies after 2020’s halving.

The JUP token of Solana DEX Jupiter tanked by over 63% after its launch.

The Jupiter team has been accused of withdrawing liquidity of the coin.

Jupiter’s founder intends to conduct a thorough post-launch analysis later.
The newly introduced JUP token from Jupiter, a decentralized exchange built on Solana, has caught the crypto community off guard with its significant decline of over 63% within just 24 hours of its launch. This starkly contrasts the typical pattern observed among newly introduced crypto assets, which frequently see gains of up to 100% on their first day of trading.

According to data from CoinMarketCap, JUP has tanked from a height of $1.2707 to as low as $0.5795 within the last 24 hours.

JUP chart | CoinMarketCap
Online crypto pundits have pointed accusing fingers at the team behind the project, alleging them of technically rug-pulling the JUP token. In a recent post on X, renowned crypto critic Adam Cochran argued that the Jupiter team allocated 50% of the tokens to themselves, leveraging their platform, which also compensated them.

Furthermore, he claimed they withdrew liquidity from the pool in cash and provided a portion to the development team. He stated they effectively cashed out $30 million on day one with no lockup while retaining a 50% ownership stake. Cochran expressed concern that such actions tarnish the reputation of what could have been a highly prosperous long-term venture.

Notably, Cochran’s perspective is grounded in an online screenshot of a conversation with the Jupiter team. In this exchange, they were accused of conducting fundraising by removing liquidity from the pool without proper disclosure to the public. In response, the founder of Jupiter, identified as “Meow,” asserted that “it was an open market sale.”

Moreover, Meow has responded to Cochran’s criticism, characterizing it as “shitposting with zero facts.” The Jupiter founder expressed their intention to conduct a thorough post-launch analysis later and move forward from the situation.